Oak Grove Capital LLC Sells 8,500 Shares of Despegar.com, Corp. (NYSE:DESP)

Oak Grove Capital LLC lessened its holdings in Despegar.com, Corp. (NYSE:DESP) by 36.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,700 shares of the company’s stock after selling 8,500 shares during the period. Oak Grove Capital LLC’s holdings in Despegar.com were worth $283,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Despegar.com by 9.5% in the fourth quarter. Principal Financial Group Inc. now owns 52,162 shares of the company’s stock worth $1,004,000 after buying an additional 4,528 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Despegar.com by 34.7% in the 4th quarter. Rhumbline Advisers now owns 121,222 shares of the company’s stock valued at $2,334,000 after acquiring an additional 31,199 shares in the last quarter. Channing Global Advisors LLC acquired a new stake in Despegar.com in the 4th quarter worth approximately $406,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Despegar.com during the fourth quarter worth approximately $104,000. Finally, Emeth Value Capital LLC acquired a new position in Despegar.com during the fourth quarter valued at approximately $7,154,000. 67.93% of the stock is currently owned by institutional investors.

Despegar.com Stock Performance

Shares of Despegar.com stock opened at $19.23 on Wednesday. Despegar.com, Corp. has a 1 year low of $8.64 and a 1 year high of $19.55. The company’s fifty day simple moving average is $19.23 and its 200-day simple moving average is $16.02.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DESP. TD Cowen upgraded shares of Despegar.com from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Morgan Stanley boosted their target price on shares of Despegar.com from $17.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.

Despegar.com Profile

Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business.